RPM International (NYSE:RPM) Price Target Raised to $128.00

RPM International (NYSE:RPM) had its price objective lifted by investment analysts at Citigroup from $125.00 to $128.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target suggests a potential upside of 20.68% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley increased their price objective on shares of RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Weiss Ratings lowered shares of RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Bank of America cut their price objective on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, BMO Capital Markets cut their price objective on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $127.42.

RPM International Stock Performance

RPM International stock traded down $0.85 during mid-day trading on Friday, reaching $106.07. 298,068 shares of the company traded hands, compared to its average volume of 1,030,081. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $129.12. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.04. The firm’s fifty day moving average is $101.57 and its two-hundred day moving average is $105.95.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $0.35 EPS. RPM International’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts expect that RPM International will post 5.46 earnings per share for the current fiscal year.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. Ares Financial Consulting LLC acquired a new stake in RPM International during the fourth quarter valued at $37,000. Rothschild Investment LLC lifted its stake in shares of RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 549 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of RPM International in the fourth quarter worth about $60,000. Resources Management Corp CT ADV lifted its stake in shares of RPM International by 21,566.7% in the fourth quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock worth $68,000 after buying an additional 647 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of RPM International in the fourth quarter worth about $69,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.